Q2 2024 EPS Estimates for Century Aluminum (NASDAQ:CENX) Raised by B. Riley

Century Aluminum (NASDAQ:CENX) – Stock analysts at B. Riley boosted their Q2 2024 EPS estimates for Century Aluminum in a research report issued on Thursday, May 2nd. B. Riley analyst L. Pipes now forecasts that the industrial products company will post earnings per share of $0.02 for the quarter, up from their previous forecast of ($0.05). B. Riley currently has a “Buy” rating and a $14.00 target price on the stock. The consensus estimate for Century Aluminum’s current full-year earnings is $3.10 per share. B. Riley also issued estimates for Century Aluminum’s Q3 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $3.10 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.87 EPS, Q1 2026 earnings at $0.41 EPS and FY2026 earnings at $1.71 EPS.

CENX has been the topic of several other research reports. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. BMO Capital Markets upped their price target on Century Aluminum from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd.

Century Aluminum Price Performance

NASDAQ:CENX opened at $17.55 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average price is $14.83 and its 200 day moving average price is $11.35. Century Aluminum has a 52-week low of $5.70 and a 52-week high of $18.64. The firm has a market cap of $1.63 billion, a P/E ratio of 8.05 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.53. Century Aluminum had a return on equity of 4.27% and a net margin of 10.72%. The firm had revenue of $512.30 million during the quarter, compared to analyst estimates of $514.40 million.

Institutional Trading of Century Aluminum

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of Century Aluminum by 199.8% in the first quarter. GAMMA Investing LLC now owns 2,878 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,918 shares during the period. Strs Ohio boosted its stake in Century Aluminum by 625.0% in the 3rd quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 7,500 shares during the period. Allspring Global Investments Holdings LLC grew its position in Century Aluminum by 35.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,107 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,405 shares in the last quarter. Allworth Financial LP acquired a new stake in Century Aluminum during the 4th quarter valued at $68,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Century Aluminum by 34.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,309 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 2,899 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.